TransPerfect Translations Announces Founders' Stock Re-Purchase Of Translations.com


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TransPerfect Translations Announces Founders' Stock Re-Purchase Of Translations.com

February 23, 2005 - TransPerfect Translations today announced that its founders, Liz Elting and Phil Shawe, have recently acquired 100% of the outstanding capital stock of Translations.com. Translations.com was also founded by Elting and Shawe, and is the leading provider of language and technology solutions for business.

As the owners of TransPerfect Translations, the world's leading document translation company, Elting and Shawe have made a stock acquisition which paves the way for the creation of the world's 4th largest translation and software localization firm. The combined entities have 290 full-time employees and over $50 million in annual revenues.

Elting said, "While we've always leveraged the strengths of both firms to the benefit of our clients, we are excited to now provide an even more comprehensive solution."

"With offices in 27 cities worldwide and 6 full-service production centers across the United States, Europe, and Asia, we are pleased to offer our clients truly global 24/7 production capabilities. Additionally, all clients will have expanded access to world-class project managers, localization engineers, and linguists," Shawe added.

About TransPerfect
With revenue of over $250 million, TransPerfect is the largest privately held language services provider in the world. From offices in 66 cities on 5 continents, TransPerfect offers a full range of services in over 100 languages to multinationals worldwide. With a global network of over 4,000 linguists and subject-area specialists, TransPerfect is the largest translation company to be fully ISO 9001:2008 and EN 15038:2006 certified. TransPerfect is headquartered in New York and has regional headquarters in London and Hong Kong. For more information, please visit our website at www.transperfect.com.

 
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